Martin Vladimirov

2 months ago | cepa.org | Timothy Garton Ash |Sergiy Makogon |Martin Vladimirov |Maciej Bukowski

Stalling by the European Central Bank (ECB) and some European treasury departments, which have starved Ukraine of the resources to win, might now result in Ukraine’s defeat. Combined with a cutoff or slowdown in US aid, this could result in catastrophic consequences for the European political economy and confidence in the euro. Think of multiple millions of millions of Ukrainians fleeing westward, straining European social, economic, and political systems to breaking point.